Why Draft a Living Will?

When it comes to estate planning, almost everyone knows what a will is. Most people, however, aren’t really familiar with a living will. A living will is a fairly simple document that lays out your wishes for what should happen should you become incapacitated. In essence, what a normal will does when you’re deceased, a living will does while you’re still alive but unable to convey your wishes. There are many Read More

A Brief Guide to Obtaining a Guardianship in Florida

When an adult is unable to make decisions on their own, either due to mental disability, severe injury, or other circumstances, Florida courts can appoint someone as their guardian. A guardian is able to make personal, medical, and/or financial decisions on behalf of their ward. The type of decisions that a guardian can make will depend on the severity of the impairment of their ward. In some cases, guardians only Read More

Estate Planning 101: What is a Revocable Living Trust?

A revocable living trust, which is often just called a living trust, is a legal tool that is created to ‘hold’ the assets of an individual. This individual, known as a grantor, can control and manage all the assets placed within the trust, or they can assign another party to do this on their behalf. Having assets held in a trust like this can provide a variety of different benefits both now, and after the grantor has Read More

Medicare and Medicaid Dual Eligibility: What You Need to Know

Medicare and Medicaid are two government programs designed to help people to get the health care they need when other options aren’t available. The programs are distinct from one another, but in some cases, a person can qualify for both. This is commonly referred to as being dual eligible. There are over 9 million people in the United State who qualify for dual eligibility. Knowing if you or a loved one is among this Read More

Key Differences Between Crisis and Long-Term Medicaid Planning

Planning for the possibility that you will need to use Medicaid is something that should be done as soon as possible. Due to the fact that it is often unpredictable if, or when, you will need Medicaid, however, many people put off the planning until the last minute. While it is always best to begin your long-term Medicaid planning as soon as possible, there are also options available if you are in a crisis. Take a Read More

Where There’s a Will There’s Not Always a Way: Five Things a Will Does NOT Accomplish

Wills are an extremely important part of any estate plan, and they are an excellent place to begin for many people. Unfortunately, many people have a mistaken belief that a last will and testament will be sufficient to handle all of their final wishes. The fact is, however, that there are quite a few things wills simply can’t accomplish. Passing On Some Types of Property Wills are great for passing on a home, Read More

The Do’s and Don’ts of a Medicaid Spend Down

If you or a loved one is likely going to need to enter a long-term care facility, it is important to get on Medicaid as quickly as possible. Medicaid will pay most of the expenses associated with the long-term care facility so that it doesn’t have to come directly out of your pocket. In order to qualify for Medicaid, however, you need to ensure your total countable assets and monthly income are below specific Read More

A Brief Introduction to Asset Protection Planning

If you’ve worked hard throughout your life to build up your assets, you want to make sure that they will be there for you throughout your retirement. This is true whether you’ve still got some time before retirement, you’re planning to retire soon, or you’ve been retired for some time. Asset protection planning is one of the most important things you can do to help ensure that your assets will be there to provide for Read More

What Is the Difference Between Medicare and Medicaid?

Getting the medical care you need is essential, but it isn’t always easy. For those who don’t have private insurance, Medicare and Medicaid are two government-run programs that are designed to help people to be able to afford most types of medical care throughout their lives. While they have similar names, these two programs are quite different and are available to different—though sometimes overlapping—groups. Read More

The Eye-Opening Truth About Florida Long-Term Care: 8 Stunning Statistics

When we’re young and healthy, long-term care is usually the furthest thing from our minds. We aren’t planning for, or even thinking about, how much it costs to have around the clock care. The fact of the matter is that not only will many of us need long-term care once we are elderly, but debilitating accidents can also happen at any given age, requiring a premature need for care. There are many facets to long-term Read More